ARIEL INVESTMENTS, LLC Q4 2017 Filing

Filed February 14, 2018

Portfolio Value

$8.9B

Holdings

172

Report Date

Q4 2017

Filing Type

13F-HR

All Holdings (172 positions)

#	Stock	Shares	Value	% Portfolio
1	BIDUNBaidu, Inc. ADR	1,185,923	$277.8M	3.13%
2	FAFFirst American Financial Corp.	4,739,053	$265.6M	3.00%
3	LAZLazard Ltd.	4,795,854	$251.8M	2.84%
4	KMTKennametal, Inc.	5,189,629	$251.2M	2.83%
5	MSFTMicrosoft Corp.	2,803,720	$239.8M	2.71%
6	SJMJ.M. Smucker Co.	1,611,582	$200.2M	2.26%
7	—Laboratory Corp. of America Holdings	1,222,610	$195.0M	2.20%
8	KEYSKeysight Technologies, Inc.	4,613,257	$191.9M	2.17%
9	NTRSNorthern Trust Corp.	1,858,731	$185.7M	2.09%
10	MSGNMSG Networks, Inc.	8,981,457	$181.9M	2.05%
11	—KKR & Co. L.P.	8,064,945	$169.8M	1.92%
12	JLLJLL	1,125,985	$167.7M	1.89%
13	IPGInterpublic Group of Cos., Inc.	7,975,621	$160.8M	1.81%
14	GILDGilead Sciences, Inc.	2,236,337	$160.2M	1.81%
15	SLCAU.S. Silica Holdings, Inc.	4,899,994	$159.5M	1.80%
16	ZBRAZebra Technologies Corp.	1,493,325	$155.0M	1.75%
17	CRLCharles River Laboratories Intl, Inc.	1,353,195	$148.1M	1.67%
18	JNJJohnson & Johnson	1,012,823	$141.5M	1.60%
19	MATMattel, Inc.	9,151,114	$140.7M	1.59%
20	—Bristow Group, Inc.	10,263,651	$138.3M	1.56%
21	SNASnap-On, Inc.	776,792	$135.4M	1.53%
22	ZBHZimmer Biomet Holdings, Inc.	1,005,470	$121.3M	1.37%
23	—Nielsen Holdings plc	3,282,583	$119.5M	1.35%
24	AFLAFLAC, Inc.	1,328,988	$116.7M	1.32%
25	CBRECBRE Group, Inc.	2,618,932	$113.4M	1.28%
26	NOKNokia Corp. ADR	24,205,746	$112.8M	1.27%
27	4I1Philip Morris Intl, Inc.	1,062,666	$112.3M	1.27%
28	BRK/BBerkshire Hathaway Inc.	562,411	$111.5M	1.26%
29	TGNATEGNA, Inc.	7,500,773	$105.6M	1.19%
30	VIABViacom, Inc.	3,397,206	$104.7M	1.18%
31	SWKStanley Black & Decker, Inc.	582,745	$98.9M	1.12%
32	SSDSimpson Manufacturing Co., Inc.	1,720,558	$98.8M	1.11%
33	JHGJanus Henderson Group plc	2,530,520	$96.8M	1.09%
34	—Dun & Bradstreet Corp.	779,286	$92.3M	1.04%
35	AXPAmerican Express Co.	915,248	$90.9M	1.03%
36	W3UWestern Union Co.	4,766,217	$90.6M	1.02%
37	—Anixter Intl, Inc.	1,192,076	$90.6M	1.02%
38	—MTS Systems Corp.	1,680,002	$90.2M	1.02%
39	BRCBrady Corp.	2,298,208	$87.1M	0.98%
40	RCLRoyal Caribbean Cruises Ltd.	695,736	$83.0M	0.94%
41	SLBSchlumberger Ltd.	1,206,793	$81.3M	0.92%
42	BWABorgWarner, Inc.	1,590,457	$81.3M	0.92%
43	ATGEAdtalem Global Education, Inc.	1,892,503	$79.6M	0.90%
44	ISCAUSDInternational Speedway Corp.	1,993,379	$79.4M	0.90%
45	NOVEURNational Oilwell Varco	2,106,100	$75.9M	0.86%
46	OMCOmnicom Group, Inc.	1,040,043	$75.7M	0.85%
47	ITWIllinois Tool Works, Inc.	438,343	$73.1M	0.83%
48	TMOThermo Fisher Scientific, Inc.	370,944	$70.4M	0.79%
49	HLIHoulihan Lokey, Inc.	1,533,036	$69.6M	0.79%
50	MSGSThe Madison Square Garden Co.	313,545	$66.1M	0.75%
51	BUWABio-Rad Laboratories, Inc.	267,520	$63.8M	0.72%
52	GSKGlaxoSmithKline plc ADR	1,779,641	$63.1M	0.71%
53	WTWWillis Towers Watson plc	411,762	$62.0M	0.70%
54	JWNUSDNordstrom, Inc.	1,303,102	$61.7M	0.70%
55	FLRFluor Corp.	1,168,574	$60.4M	0.68%
56	MHKMohawk Industries, Inc.	214,260	$59.1M	0.67%
57	CHLUSDChina Mobile Ltd. ADR	1,155,391	$58.4M	0.66%
58	MDPUSDMeredith Corp.	829,958	$54.8M	0.62%
59	CLBCore Laboratories N.V.	494,100	$54.1M	0.61%
60	PXDEURPioneer Natural Resources Co	309,292	$53.5M	0.60%
61	PGRProgressive Corp.	946,873	$53.3M	0.60%
62	CAHCardinal Health, Inc.	861,809	$52.8M	0.60%
63	—CBS Corp.	880,199	$51.9M	0.59%
64	LFUSLittelfuse, Inc.	257,920	$51.0M	0.58%
65	VEAVanguard FTSE Developed ETF	1,077,603	$48.3M	0.55%
66	EOGEOG Resources Inc.	424,143	$45.8M	0.52%
67	COSTCostco Wholesale Corp.	234,513	$43.6M	0.49%
68	BOKFBOK Financial Corp.	467,367	$43.1M	0.49%
69	OXYOccidental Petroleum Corp.	584,359	$43.0M	0.49%
70	SOSouthern Co.	884,757	$42.5M	0.48%
71	BACVerizon Communications Inc.	802,066	$42.5M	0.48%
72	FICOFair Isaac Corp.	272,713	$41.8M	0.47%
73	—Rosetta Stone Inc.	3,079,704	$38.4M	0.43%
74	TROWT. Rowe Price Group, Inc.	335,472	$35.2M	0.40%
75	—Team, Inc.	2,323,566	$34.6M	0.39%
76	BXUSDBlackstone Group L.P.	977,615	$31.3M	0.35%
77	CNTCentury Casinos, Inc.	3,206,500	$29.3M	0.33%
78	SRESempra Energy	272,533	$29.1M	0.33%
79	COWNEURCowen Inc.	2,129,096	$29.1M	0.33%
80	BSACBanco Santander-Chile ADR	845,001	$26.4M	0.30%
81	TSTenaris ADR	794,700	$25.3M	0.29%
82	—RealNetworks, Inc.	7,236,402	$24.7M	0.28%
83	DGXQuest Diagnostics Inc.	248,132	$24.4M	0.28%
84	—Atlas Financial Holdings, Inc.	1,176,802	$24.2M	0.27%
85	TILEInterface, Inc.	928,943	$23.4M	0.26%
86	—ORBCOMM, Inc.	2,278,944	$23.2M	0.26%
87	DFSEURDiscover Financial Services	289,240	$22.2M	0.25%
88	BCOBrink's Co.	280,485	$22.1M	0.25%
89	BIDSotheby's	419,425	$21.6M	0.24%
90	ICEIntercontinentalExchange, Inc.	296,345	$20.9M	0.24%
91	USBU.S. Bancorp	387,748	$20.8M	0.23%
92	TNAVEURTelenav Inc.	3,609,773	$19.9M	0.22%
93	—Kindred Biosciences, Inc.	1,955,552	$18.5M	0.21%
94	—PCTEL, Inc.	2,430,032	$17.9M	0.20%
95	—XO Group Inc.	952,279	$17.6M	0.20%
96	SFESSafeguard Scientifics Inc.	1,501,367	$16.8M	0.19%
97	CSWCCapital Southwest Corp.	1,008,803	$16.7M	0.19%
98	ACWXISHARES MSCI ACWI EX US ETF	301,792	$15.1M	0.17%
99	GSITGSI Technology Inc.	1,876,484	$14.9M	0.17%
100	—Contango Oil & Gas Co.	3,163,269	$14.9M	0.17%

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